Red Bull and former Formula One team principal Christian Horner have reportedly reached a settlement agreement worth $100 million. Horner was contracted to Red Bull until 2030, but his abrupt exit after the British Grand Prix meant the team needed to settle the deal, which has now officially ended.

Following a period of 20 years with Red Bull, since the team's F1 debut in 2005, Horner was replaced by Racing Bulls team principal Laurent Mekies with immediate effect. The reason for his abrupt exit is not known yet.

While the details of the settlement have not been made public yet, Planet F1 states that Red Bull and Horner reached a compromise, leading to the $100 million sum. The agreement prevents the former CEO from returning to the sport with a competitor for a few months, but he i

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